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22 May 2015
EUR/GBP erases gains
FXStreet (Córdoba) - The euro weakened across the board and against the pound erased most of the day’s gains. EUR/GBP dropped from 0.7163 to 0.7097 during the last three hours. So far it has been able to hold above 0.7100 but still remains under pressure.
The US dollar jumped across the board after the release of US CPI data, pushing EUR/USD and GBP/USD to the downside but the decline of the euro was bigger and price broke below 1.1060, falling to the lowest level since April 30. Cable also decline and so far it found support at 1.5500.
EUR/GBP recovery ends abruptly
EUR/GBP was rising after falling during four consecutive days, attempting to recover ground but the price is back near Thursday’s lows that lie at 0.7087 (2-month low). From daily highs it has fallen 60 pips.
The US dollar jumped across the board after the release of US CPI data, pushing EUR/USD and GBP/USD to the downside but the decline of the euro was bigger and price broke below 1.1060, falling to the lowest level since April 30. Cable also decline and so far it found support at 1.5500.
EUR/GBP recovery ends abruptly
EUR/GBP was rising after falling during four consecutive days, attempting to recover ground but the price is back near Thursday’s lows that lie at 0.7087 (2-month low). From daily highs it has fallen 60 pips.